Tourism Trade of India:Terms of Trade

In this paper an attempt has been made to compute India’s Terms of Tourism Trade with important tourism trading partners of India. Since, in tourism trade, actual prices were considered to be more important than changes in prices, actual prices of tourism services of India and other countries from the North and the South were compared. The study shows that improving income terms of tourism trade and balance of tourism trade are more important for India, than improving net barter terms of tourism trade. Policies to be followed in this regard have been suggested.